HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities researchers at National Bank Financial increased their FY2017 earnings per share (EPS) estimates for HudBay Minerals in a report released on Wednesday, Zacks Investment Research reports. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.58 per share for the year, up from their previous estimate of $0.52. National Bank Financial also issued estimates for HudBay Minerals’ Q4 2017 earnings at $0.24 EPS, FY2018 earnings at $0.95 EPS and FY2019 earnings at $1.21 EPS.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded HudBay Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. ValuEngine downgraded HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Credit Suisse Group boosted their price target on HudBay Minerals from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 11th. J P Morgan Chase & Co upgraded HudBay Minerals from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 5th. Finally, TheStreet upgraded HudBay Minerals from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.39.
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Shares of HudBay Minerals (HBM) opened at $7.50 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. HudBay Minerals has a twelve month low of $4.60 and a twelve month high of $9.35. The stock has a market capitalization of $2,090.17, a P/E ratio of 21.05 and a beta of 3.21.
Institutional investors and hedge funds have recently modified their holdings of the stock. Trexquant Investment LP grew its stake in HudBay Minerals by 78.7% during the 2nd quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock worth $108,000 after buying an additional 8,268 shares during the last quarter. Brave Asset Management Inc. bought a new position in HudBay Minerals during the 2nd quarter worth $121,000. Quantbot Technologies LP grew its stake in HudBay Minerals by 37.3% during the 2nd quarter. Quantbot Technologies LP now owns 24,912 shares of the mining company’s stock worth $143,000 after buying an additional 6,769 shares during the last quarter. Highbridge Capital Management LLC bought a new position in HudBay Minerals during the 1st quarter worth $255,000. Finally, ARP Americas LLC grew its stake in HudBay Minerals by 85.9% during the 2nd quarter. ARP Americas LLC now owns 39,600 shares of the mining company’s stock worth $229,000 after buying an additional 18,300 shares during the last quarter. Hedge funds and other institutional investors own 59.29% of the company’s stock.
HudBay Minerals Company Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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